To Rent or not to Rent? That is the question...

To Rent or not to Rent, that is the question on lots of people's mind these days.  But I'm not talking about renting in order to achieve a higher league.  No I'm talking about renting out your cards for some of that passive income.  So how does this work and should I rent out cards or not may be a question that you wonder sometimes.  I have enough cp to get into Gold II however I think that I can make more money by renting my cards out, even if I only rent them out at EOS.  When cards are going for 175 cp/dec (collection power/dark energy crystal) at this moment there are some rentals for lot better.  

One of the ways I've found that's easier to check is by simply going to peakmonsters and going to the "My Cards" section and it shows me how many DEC per day I'm getting. It also shows the average ROI I'm getting on my cards currently 40% yearly ROI.
Now I'm not saying that you're going to get rich or anything off Splinterlands, although I think you could and it's possible, when was the last time you went to a bank and got 40% ROI on your money?
Currently you can get a legendary card on the market for $1.87 (or 1124 DEC) for a 500cp card. The Harklaw. notice that i have fiend on the market and it's commanding a lower cp/dec ratio, due to it's utility

If you puchase the Harklaw and subsequently rent this card out for 150 cp/dec you would get approximately 3.33 DEC per day. It would take you 337.54 days to make back your initial investmennt. That seems like a long time but if you think about it, what were you doing a year ago? because if you had started a year ago you would already have your full investment. And this doesn't take into account that the card can gain value due to the deflationary nature of these cards. So what if I bought 10 of these cards at about $2 (to make the math a little easier)? That's $20 investment. making 33.3 DEC a day, how many days until you can buy another card? 33 days approximately. in one month you can have enough to buy another legendary. and put it on the market for rent. Now i'm not advocating putting all your money into one card, but some cards have more value than just pure cp/dec value. Some cards command a steeper price due to it's utility. So experiment a little with the rental screen. just select a few of your cards you own now and see how much they can go for rent. If you have say 17k cp and you don't have enough to make it to silver II just rent 2k cp worth of cards for last 4 days of EOS when people are paying for 50 or 60 cp/dec you can score a little extra dec and buy some more cards. There is of course a 5% market fee but still how can you not look at this opportunity. You do have to exercise some patience and you may have to make sure that the rent prices haven't changed. Remember that people get crazy at EOS and rent as low as 50 cp/dec that I've seen.

I'm not a financial advisor and this isn't financial advice. This is just some educationial material and my opinion on the matter.

Until Next time.

Posted using Splintertalk